How to Remove AssetCare, LLC Debt From Your Credit Report
Medical bills are unavoidable, and unfortunately, can be the most difficult to pay off. Even with health insurance, co-payments and deductibles can quickly add up, resulting in an expensive balance that is your responsibility.
If you are unable to pay off your medical bills, your account is referred to a collection agency, such as , which can work with you to establish a payment plan. However, medical debt becomes a part of your credit history, which may diminish your chances for approval to open future accounts.
But what happens when collection agencies such as post debt information on your credit report? It could have devastating, long-lasting effects on your credit history.
This article will describe how to remove AssetCare, LLC debt from your credit report to ensure they don't interfere with your history. We will also cover how DoNotPay can help you resolve issues with your credit report without time-consuming letters and calls.
What is AssetCare, LLC?
Based in Texas, AssetCare, LLC was established in 2016 as a debt collection agency. The company is dedicated exclusively to resolving debt for those who are unable to pay their medical bills. The company is listed under the Fair Debt Collection Practices Act (FDCPA) and respects your consumer rights under the regulations. The act protects consumers from unethical or inaccurate collection attempts.
You can reach AssetCare LLC through
P.O. Box 120540
Dallas, TX 75312-0540
|Phone Number (TAlk to a Representative)||888-993-3604|
What Should I Look For In My AssetCare, LLC Credit Dispute?
Before following up with AssetCare, LLC, you should verify that the information on your credit history reports matches your records. Pull your credit history reports from each of the three large agencies, Equifax, TransUnion, and Experian, and carefully go through each of these items:
- Your identity includes name, date of birth, social security number, current and previous addresses, phone numbers.
- Recent credit inquiries. This includes a list of companies and individuals who requested a copy of your report in the past two years.
- Account balances with recent payments.
- Credit information including cards, mortgages, and loans and when each account was established.
- Closed accounts.
- Public records such as transactions from local, state, and federal governments which may include bankruptcies, liens, judgments, and divorces.
- Co-signer information.
- Collections accounts.
What is a Debt Validation Letter?
If you have outstanding debt, the FDCPA requires that AssetCare, LLC send you a debt validation notice within five days of your first contact. If you do not receive this letter within the allocated time frame, notify the agency to send the letter ASAP. The letter should include the following information:
- The amount of money owed.
- The name of the creditor (medical facility, physician) that is seeking payment.
- A statement of the debt's validity unless you dispute it within 30 days.
- A statement explaining that if you write to dispute the amount with AssetCare, LLC, or request more information within 30 days, AssetCare, LLC will verify the debt by mail.
- A statement explaining that if you request information about the original creditor within 30 days, AssetCare, LLC must provide it.
Be sure to verify that the information matches your own records before moving forward with a dispute.
How to Dispute an AssetCare, LLC Credit Report Entry
When there is an error in your credit report, federal law gives you the right to submit a dispute and request an investigation. When you submit a dispute to the credit reporting agency, they must investigate the error and respond to you within 30 days.
The credit agency will contact AssetCare, LLC to investigate the error in question. When the investigation is complete, the credit agency must give you a written report of their findings and the action taken. They must also give you a free credit report showing the correction, if applicable.
You also have the option of contacting AssetCare, LLC directly to report the error. However, if you choose to go this route, you are surrendering your right to seek legal action in the event they mishandle your inquiry.
Strategies That May Help Your Credit Report Dispute
The following strategies will help you when submitting your dispute to the credit bureau:
- When requesting the investigation, do so in writing, with a return receipt to ensure they've received your letter.
- Order a new report to make sure you have the most current information.
- Don't feel compelled to use the credit reporting request form. You may submit your own details or supplement the form with additional documents.
- Keep a file of all communications between you and the credit reporting agency.
- Notify AssetCare, LLC that you are contacting the credit agency.
- If the error appears on all three credit bureau reports, dispute the error with each one.
- Include documentation and other information that supports your claim.
- If AssetCare has had similar complaints in the past, include that information in your letter to support your case.
- If you are unable to resolve the entry with the credit reporting agency, hire a lawyer experienced in FCRA cases.
- If all else fails, you may be able to pay to delete negotiation letter, which is an agreement to pay in exchange for removing the entry on the report.
Steps to Take If the Credit Reporting Agency Won't Remove the Entry
If you have exhausted all of your options when dealing with the credit bureau, you can take these next steps:
- Ask that a statement of the dispute be included in your file and in future reports. Though a fee may be involved, you can also ask the credit agency to provide your statement to anyone who's recently received your credit report.
- File a lawsuit under the FCRA against the credit reporting agency or the creditor.
- File a complaint with the Consumer Financial Protection Bureau. You can file online, by phone, or mail.
Online: www.consumerfinance.gov/complaint Phone: (855) 411-2372 Mail: Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244
How DoNotPay Can Help You Clear Your Credit Report
If you want to clean up your credit report but don't know where to start, DoNotPay has you covered in 3 easy steps:
- Search Clean Credit Report on DoNotPay.
- Prepare a recent copy of your credit report that you can use as reference.
- Let us guide you through the 4 potential options:
- If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.
- If you notice any errors in your report (we have a list of common errors you can use!), we'll help you file a credit dispute to the creditor or major credit bureaus.
- If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report and they can't collect it!
- Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.
DoNotPay can also help you remove late payments from your credit report, fix your credit score, and remove inquires from the report.
Why Use DoNotPay To Remove AssetCare LLC from Your Credit Report
- Fast- You don’t have to spend too much time searching for ways to remove AssetCare LLC from your credit report especially if you have paid off your debt.
- Easy- No tedious forms to fill out to ensure it happens.
- Successful- You can rest assured that we make the best case for you.
DoNotPay Works Across All Companies, Entities, and Groups With the Click of a Button
In addition to helping you clean up your credit report, DoNotPay can assist you in many other situations, including the following:
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